Wolf Theiss, working with Arendt, has advised Studenac on securing a EUR 300 million loan facility from a consortium of banks led by Bank Pekao and including Powszechny Zaklad Ubezpieczen, OTP Banka, Zagrebacka Banka, and OTP Bank Plc Hungary. DTB and Clifford Chance advised the financial institutions.
Studenac is a Croatian food retailer.
According to Wolf Theiss, the financing will be used to refinance existing debt under improved terms and to support Studenac’s continued growth, including new store openings and strategic acquisitions.
The Wolf Theiss team included Partner Nicholas Coddington, Senior Associates Mateja Jelacic and Jan Gasiorowski.
The DTB team included Senior Partner Damir Topic and Attorneys at Law Barbara Simic and Jure Marovic.
The Clifford Chance team included Warsaw-based Partner Irena Floras-Goode, Senior Associates Piotr Weclawowicz and Agnieszka Kozikowska, Associate Joanna Korycinska, and Trainee Lawyer Natalia Zan, as well as other lawyers in Luxembourg.
